Hey everybody. We're about to go live for another edition of Aging Insight. Should be a good show. So, I'll let you listen to the opening intro.

Welcome to Aging Insight everybody. This is your host, John Ross, here live in the studio. Another day to bring you quality information about getting older, and living in retirement, and protecting your family, protecting yourself, protecting your assets, it's what we do.

Yeah, it is what we do. And I was looking at the calendar John, and this August, it'll be five years that we've been coming into the studio, on nearly every Saturday.

Just about every Saturday.

Yeah, nearly.

Although we probably, we won't make it in next time.

Yeah, I don't know. Next weekend here in Texarkana, on May 5th, is the big Texarkana Wine Festival.

The twice as fine Texarkana Wine Festival.

It's the fourth annual twice as fine.

That's right.

On May 5th.

That's right. The caption for this year's wine festival is Un4gettable.

You know, and I guess my other deal is, just like with anything else, if it's in the rules, I mean, you're not...

Oh, I see what you did there.

Yeah.

Yeah. You like that?

Un4gettable. And of course the Texarkana Wine Festival is in large part...I mean, this is the biggest fundraiser for the Tri-State Alzheimer's Alliance, which serves our local community, and helps people that are dealing with this disease, they are caregivers. They provide support. This money helps fund our place which is the Alzheimer's Alliance Day Respite Center, where folks can take a break from caregiving, and the person that they're caring for can be entertained for a day.

Yes. Kinda like day care for your loved one with Alzheimer's. They're taken care of.

Yeah. Except they're having a lot more fun.

Yeah. They are having fun. I've been there.

But, you know, it's a great resource out there. And all of that, you know, all the money that is raised in this wine festival, this money stays right here in Texarkana, supporting your community. It's just fantastic, even if you're not a wine drinker.

Yeah. If you do not partake of the wines and spirits, that's okay. There's still stuff for you to come out and enjoy.

Yeah. There's gonna be a bunch of art vendors out there, there's gonna be a bunch of food vendors. And even if you're not a...just a...Maybe you're not opposed to alcohol, you're just not much of a wine person, the Alzheimer's Alliance will have a beer tent for the beer drinkers.

Oh, okay.

It's a great event. You can come out. It's free. It's at Spring Lake Park, next Saturday. It's free to come out, and you can listen to music, you can check out the food vendors, and the art vendors, and all that. If you want to come into the wine garden, I think we're gonna have upwards of about 20 different wineries this year, more than last year.

Yeah. Those are all Texas wineries as well.

All Texas wineries. And there's a small entry fee to get into the wine garden. I think it's, like, $10 dollars.

Ten bucks.

You get a couple of wine glasses. And from there you can go around and have samples of the different wineries. You'll have the opportunity to buy bottles if you find one you like.

Yeah. I really like the fact, John, that you made sure our listeners know that, every single dollar raised through this wine festival event stays in our area. Because, you know, I mean, there's lots of great charities out there, lots of affiliates in our area that affiliate with, you know, national charities. But, you know, a portion of some of those other fundraisers and other charities, some of that goes to national headquarters, or to research purposes far away. But this particular fund raiser, Alzheimer's Alliance Wine Festival, every dollar stays right here.

No, that's right now. This is staying right here.

I hope the Alzheimer's Alliance Detective Director is not listening, and thinking that she needs to ask for a raise.

Yes. Now, it's a great program. I will say that, you know, one of the one of the neat things that we do, and it's not too late, but this Friday, the night before the event.

Okay. So, Friday night, on May the 4th.

That's right. We have a private party for all of our VIPs.

Yes. So, if you're a VIP donor or supporter to the Tri-State Alzheimer's Alliance, then you get a special invite to a Friday night buffet.

That's right. And it's great food. And one of the neat things we do there is, we have these wine barrels that have been given to local artists. They have them turned around and turned those wine barrels into something cool.

Okay. So these wine barrels have been re-purposed.

They've been repurposed. That's right. And the wine barrels, my father and I, and by that I mean mostly him, I came up with the creative design initially, and have done some marketing.

But the execution is all his.

The execution is all his. If you wanna take a look at our wine barrel this week, you can swing by Twisted Fork Restaurant, right over there on Summerhill Road. Right as you walk in the front door, the wine barrel is over on the left hand side. And of course if you're...For those of you who are on Facebook, you can get on Facebook and check this out, where we're doing this live, and I'm showing pictures of the wine barrel that we've done. It's really mean. It's kind of a bar-height table, with this big flame that's blowing out of the top on it. It's pretty fancy.

And what is the name of this barrel?

We've named it Diablo Del Fuego.

Diablo Del Fuego.

Yes, which roughly translates into Fire Devil.

I see. Well, and so, John, you can go see the wine barrel at Twisted Folk this week. But if you would like to own Diablo Del Fuego how could you do that?

That's right. If you want that, you have to be one of our VIPs. Reach out to me, it's $500. It's the minimum sponsorship for the wine festival. And again, this is...Yeah, you're going to come to a great party with great food, and all the wine, and beer.

And that's Friday night.

On Friday night. Plus you're gonna get VIP tickets into the wine garden, and all kinds of other things. And you get that for...500 bucks gets you two of that. It's two folks. That's the only way you're gonna get shot at my barrel. So check it out.

Yeah. Hey, you know, last minute money still spins, is that right?

That's exactly right. Plus you're just gonna wanna shot at this barrel. It's awesome.

Yeah. So, I would say that this barrel...I would say, you know, there's certainly an artisanal aspect to it. But I would go more with a craftsmanship aspect.

That's right. Yeah. It's pretty neat.

So, shout out to John K. Ross III, who was the craftsman.

That's right.

And John we'll give you a pat on the back for your creative idea, and your promotion. Great job.

Yeah, absolutely. You know, on the course we've been out running our miles this week. I came back from Tyler yesterday. Speaking of Alzheimer's, I was one of the big presenters at the Smith County Alzheimer's Alliance down in Tyler, their big annual caregiver conference down there. It was great, a couple of 100 folks in attendance. They got some good information from me, if I do say so myself.

You do say so. Oh, great. And then I know this past Thursday we had our quarterly Eggs and Issues breakfast out at Trinity Baptist Church in Texarkana Arkansas side.

Yeah. Got to see all my friends.

Yeah. If you weren't there you missed it. But we had about 60 folks out there come enjoy breakfast. And again, here John run his mouth. But we will be back in, I believe August, is that right?

No, I'm not sure.

When it gets closer we will let you know.

Yeah. We'll let you know.

That's right. All right. So we were gonna talk about few things. And part of this topic today, we are gonna talk about grandparents and stuff like that. But what kinda spurred the idea on me is in our immense preparations prior to doing the radio show every day. And by that, I mean scrolling on my phone on the drives.

To the radio station.

To the radio station.

Oh, come on, we do better than that.

Yeah. But I read an article. It was talking about the $15,000 bonus that Donald Trump gets from the Social Security.

Oh, and I bet y'all know why.

Yes. I mean, you might be saying, okay, here's Donald Trump, right? He's a billionaire.

Yeah, he's a billionaire.

Now, of course, your entitlement to Social Security has nothing to do with your net worth, right? You've paid into the system.

Yeah. If you've paid in then...

You get back.

That's right.

And so it doesn't matter. Now, if you have a lot of other money, other income, things like that, then a portion of your Social Security...

May be taxed.

May be taxed up to 80%.

But you still get it. Now, why would a billionaire like Donald Trump be getting even more, an extra $15,000 a year, in extra Social Security?

But you still get it.

Okay. Well, let me say. I'm gonna play 20 questions. So, how old is Donald Trump?

I don't know, but he's over 65.

He's over 65 receiving Social Security, right?

So, he's reached full retirement age, so he's getting Social Security, yeah?

Okay. Donald Trump is also a father of a number of children, is that right?

He is.

From various wives, over the course of his lifetime. But how old is his youngest child?

Yeah. Barron Trump. What about...

Twelve?

Twelve. Something like that.

Okay. So, I'm guessing that that has something to do with the bonus from Social Security.

Ding, ding, ding, ding, yeah. That's exactly right. You know, if you if you are receiving Social Security, and you have a minor child, then you get extra money from Social Security.

Yeah. Because you're you are still supporting a minor child.

Yeah, that's exactly right. And I was going to see if I could pull up this article because this is a relatively small percent. But approximately 1.1% of Social Security retirees are getting this additional fund because they have a minor child.

Right. And so, most of us think about this in the sense of a parent who had a child, you know, obviously maybe a little bit older. You know, I bet you that 1.1%, as far as natural parents, is mostly fathers doing that.

You're probably right. crosstalk 00:12:42. And you know what? You may say, well, you know, 1.1% that's a pretty small deal, right? But that 1.1%, and I'm not talking about...I'm just talking about the money that they get for having the minor child. That ranks up to $5.5 billion per year. So, yeah, and somebody like Trump here with a minor child, he is getting this money. But, you know, I don't know that Trump needs the extra money.

He probably doesn't.

But you know what? I've had a number of senior clients who either have minor children, or what I see more often is that they have gotten into possession of some minor children.

Right. And so that's definitely the biggest segment that we see, where we have grandparents, who for whatever reason are now really thrust back into the role of being a primary caretaker for their minor grandchildren.

Or great grandchildren in a couple of cases.

Or great grandchildren. And now, just because you're a grandparent, and you're on Social Security, and you are caring for a minor child, grandchild, or great grandchild, you don't get any Social Security bonus for that.

Right, no.

In fact, I met with the lady last week or a week before, and now she is essentially raising her great grandson. She is 81, her great grandson I believe is 12. They are making it on her small Social Security payment.

Right. But not her child.

Right. She doesn't get any extra for having the child. But, John, we discussed that she could.

That sounds like something we can talk about here after a break maybe.

Sure.

All right. We'll take a break. When we come back, we will keep talking about this. Stick around.

You know, and I did have another case where the father, the actual biological father of the child was on Social Security, and the child was 16, something like that. And he was getting extra money for that child which was going essentially to his ex-wife for child support purposes because there was inaudible 00:15:24. And so, essentially in that case, Social Security was paying the child support. You know, seems a little off.

It does seem a little off.

It does. So, you know, but Social Security rules can be a little complicated.

But that happens.

You're not tricking the system.

Yeah. You're not tricking the system. And you not being a murderer by not accepting a benefit that is already available to you for which you qualify in the rules. So, you know, it was distasteful to know that essentially taxpayer dollars were going to essentially pay the child support on this child. But, you know, there wasn't any shenanigans that's just the deal. Essentially the dad didn't get to keep the Social Security, it actually went to the other parent, the mother, who was in fact providing for the child. So, I mean, I'd rather it go that way but...

Yeah. And, you know, this is different than, you know, like the Social Security benefit that a minor child gets because their parent has died.

Yes.

That's a whole different deal. And in fact, in those cases, where maybe a parent has died, and the child is receiving a Social Security benefit, if that child gets adopted, I think that can have an impact on their continued eligibility for that survivor Social Security benefit. Now, if you get the...We probably should mention this when we get back. Do you get it all...It's not all the way to 18 now, right? It's 16.

No, I think they get it...

Is it all the way to 18? I'm not sure. Now, the survivor benefit, I know comes all the way to 18.

Yes. So does the minor child.

Does it?

Yes.

All right. I take your word for it.

Okay.

All right. So looks like we've got about 30 more seconds until we get back live on radio. Give me a chance to get a sip of water. My speech yesterday was an hour, and then I had an hour-long panel discussion. By the time I got done my mouth tasted like a desert.

Well, you were sharing the stage with the physicians and...

Oh yeah, the big cheese. All right. Here we go.

Well, welcome back everyone. This is Lisa Shoalmire. And you are listening to Aging Insight. We are a great source, I would say best source of information in our area for all things, all topics that have to do with retiring, and all the things that can affect you in retirement.

Right.

And now, it's easy to say, well, why don't you just adopt your great grandson? Well, obviously, John, there's some screwy issues going on in the family if great grandma is raising this young man.

That's probably right, yeah.

And so, you know, for an adoption to take place, you know, in the state of Texas, at least as it is right now as far as I know, you can only have a maximum of two parents. Is that right? Is that still right?

Yeah. Well, as a minor child, yes.

As a minor, yeah. But I think, you know, there's other states with all the fertilization, and in vitro. I think there's stuff going on about you can have more than two parents. But at least in Texas, you can only have two parents.

Right. Which on her, I mean, that's a lot of money.

Yeah. She ain't no Donald Trump, so she can definitely...they live way out, and just driving him into school and everything. The preferred school campus he goes to, you know, it takes up gas. It's just...We all know how expensive it is to live. And the idea of Social Security of course is that you're not really responsible for young people, and meeting all their needs. But here this lady is. And she's not the only one in that spot.

No. There's lots and lots of folks out there who are caring for that grandchild, or the great grandchild. And, yeah, this access to Social Security through something like an adoption, that extra money can be huge. It can also do some other things, because, you know, right now, like this minor child would get...You know, there would be some extra money. But if they did do the adoption, and your 85-year-old client passed away.

Right. Then, their legal parent would have died, and that child would get survivorship benefit for quite a while.

Exactly.

You know, And I do know in the years I have been doing this, I know I've done a couple of grandparent adoptions. Not necessarily...I think one was very much due to the financial assistance that Social Security could bring to the situation. And I think a few of the others I have done, have been simply because the grandparents were formalizing the arrangement they already had, and they really didn't need any extra Social Security money.

That's right. But you know, this kinda leads into the question of, what kind of rights do those grandparents have? Even if they're in possession of that child, or even if they have this great relationship with the child, what kind of rights do they have? You know, in maybe, kind of a tough situation like your lady, sounds like, what kind of rights do you have if the grandkids are just staying with you this summer? You know, they're just doing their two weeks with grandma. Well, we're gonna talk about all of those sort of things for the remaining hour of the show, or the remaining half hour of the show.

Half hour.

But of course we have to take our bottom of the hour newsbreak right here. And so, stick around. We'll be right back.

Well, John, I remember be talking to this lady. And, you know, we ourselves are in the last few weeks of the senior year of a couple of teenagers. And we were talking on the way here to the radio station that that, you know that's just throwing money on everything, graduation gowns, pictures, invitations, there's just college applications. I mean, it's just...every time you turn around there's something else to spend money on. That doesn't even cover events like prom, and those kind of things.

Yeah. You know, I was thinking about it. You know, let's just kinda, let's say maybe we go back in time, right? And let's say that, you know, because my parents have been full retirement age for about seven years-ish, right there. So let's just say, if we went back seven years ago, and went ahead and terminated my parental rights, had the parents adopt the kids, right?

Okay. That is fine. But what if we do that, $10,000 a month?

This is extra Social Security money, right? This $10,000 a year, we throw that into a separate account. And, you know, these teenagers that are graduating right now, they have $70,000, $80,000.

You're just mad you didn't think of it then.

And think about it, for the one that's still 16. They got another couple of years. They have $70,000 right now. They have $100,000 to $110,000.

Yeah. I never thought of that.

And, you know, if your parents are quite a bit older, where maybe even at birth, your parents are already over full retirement age, you could do that from the day the child was born, and by the time they graduated from high school, it's a quarter million dollars.

Bring an idea.

I like this. It's possible, we have discovered an entirely new practice area to exploit. I like this, extreme family planning.

Yeah, well.

But you know what, it's all in the rules.

It is all in the rules. That's why you...

Might be a little...

Yeah, might be a little sketchy.

Maybe pushing the boundaries just a little. But, hey, I don't know. I'd probably take that $70,000.

It's a inaudible 00:27:29. I mean, you already got the naming rights. I mean, you know, the kids was born, you named the kid.

Right. So, yeah, I already named him. And of course, again, if I'm their legal guardian, then I'm still making all their decisions.

And you are responsible for them.

Not to mention the fact that because the child was under a guardianship, by the time they get to college, then neither my parents, nor my assets are gonna factor into their eligibility for student aids.

So, we've gotten all this Social Security money, plus they're gonna qualify for all the Pell Grants and everything, and have all of this money here available for college expenses. I like this. I'm just finding more and more things I like about this whole idea.

That's true.

Now, you just need a guinea pig it right.

I do. I need a guinea pig. So, if somebody is watching this and they say, "Hey, you know what, you know, there's a kid coming. I like this idea. Let's try it." And what have you got to lose, right? If it doesn't work, it doesn't work. But it's all within the rules. This could be tens of thousands of dollars.

That your kids have to be millionaires before they ever turn 18.

That's exactly right. Wow. How about that? All right. We've got about 10 seconds, and we're back on.

Welcome back to Aging Insight everybody. This is John Ross, here in the studio, with Lisa Shoalmire. Today, we're talking about grandparents. And we started out by pointing out that Donald Trump gets extra 15,000 bucks a year because he has a minor child.

Yeah.

And if you were out there, and you're caring for a minor child...

And you're full Social Security retirement age.

And you are full retirement age, you know, you could also be getting the same thing if that child that you're caring for is legally your child. But there's only one way for a person to become legally your child, and that is an adoption.

Yeah. In that situation, John, a guardianship or...guardianship or conservatorship, I don't think counts.

No, and this is...And, you know, doing an adoption is not as simple as it might sound. Parent rights are a pretty serious deal.

Yeah. You know, basically, if we look at our hierarchy of rights, John. Our highest right, at least once we're born, is that we get to continue to breathe and walk around, and the government is not supposed to hinder us. Okay. That's probably a whole other show.

Right. Probably.

All right. Our second right, really, is to parent our children...to have children and to parent our children in a way that we individually see fit.

Right. And the issue of a parent's rights to make decisions related to their children is an issue that has gone all the way up to the United States Supreme Court, in one of these seminal cases, Troxel.

Yes. And this case actually came out, John, in the year 2000, which was a couple of years after I graduated from law school. But the Troxel versus Granville case is the case when it comes to grandparent rights. And it's very, very unusual for a case about family law issues, you know, divorces, custody, visitation, to make it to the U.S. Supreme Court.

Right. You know, the Supreme Court deals with big federal issues, issues that have constitutionality at their very core. Or the interpretation of federal laws, particularly addressing issues between federal courts. And divorce got nothing to do...parents rights, grandparent...You know, family law generally speaking, has nothing to do with federal law.

Yeah. Typically the topic areas you will see covered only by states, and not all addressed by the Supreme Court, are things like family law, probate law, wills, and things like that. Those are all within a state system of laws, and not within the federal government. But, I won't go into all that procedural history of how this case eventually landed in the U.S. Supreme Court. But essentially, you know, we had a inaudible 00:32:22, you know, there was a mommy and daddy. That's how it's started.

Is this the inaudible 00:32:28.

Yes. Anyway, there was a mom and dad, although they never married, they did have two children together. And then at some point the mom and dad, they broke off their relationship, but the dad did get visitation rights with the two, I think there were two daughters. And so he continued to regularly exercise those visitation rights with his two minor children.

Right. So the kids are with the grandparents?

Yes. So, the kids are spending lots of quality time with grandparents. Well, at a certain point the father committed suicide.

That's rough.

So, now we have a deceased parent, and the only living parent of these two daughters, these two young girls was their mother. And for a while after their father died, the mother continued the visitation scheme, I guess you would say with the grandparents, with the paternal grandparents. But then the mother finally decided that she wanted to cut that off. So she told the grandparents, "Hey, look, instead of this every other weekend business, I'm gonna let the girls come one Saturday a month for a daytime visit only." Well, if you were the grandparents, you'd have this kind of relationship with your grandchildren.

I'd probably be upset about it.

You know, you've lost your son, and you had these two little girls that are just your, you know, your link to your son. And you've been around them and with them for so long. So the mother said, "No more weekend visits, just one Saturday a month." So the grandparents didn't like this, and they filed suit to re-establish weekend visitation.

Wow.

And they asked for two weekends a month, and two weeks in the summertime.

Okay. Seems fair enough.

And this all happened in Washington State. And the original court that this landed in granted the grandparents wish, and what they asked for, and said, "Yes, it's clear there's a history here of a lot of contacts with these grandparents, these grandparents are an important part of these young girls' lives. There's a big extended family on the paternal side that they will benefit from." So the local trial court was all favorable to the grandparents. But then the mom appealed, and she said, "Wait a minute. This is interfering with my rights to make decisions for my children."

Right. Her...essentially constitutional rights.

Right. So the appellate court in Washington State agreed with her. I think it went up to the Washington State Supreme Court. And I think there was just...Anyway, ends up...the grandparents appealed. And so, it eventually landed in the United States Supreme Court.

And was there a split in this?

There was a split. It was a five, four decision.

Cool.

But anyway, the Supreme Court came back and said that a parent, except for in extreme circumstances, has the absolute right to make whatever decisions they choose to make, including determining who their children associate with.

Wow. It's pretty much the end of it, you know, right there, isn't it?

It's pretty much the end of it. And, you know, John, prior to the Troxel case, the state of Texas, the state of Arkansas, there was a lot of...

There were whole sections in the codes...

About grandparents' rights.

About grandparents' rights, and under what circumstances a grandparent could petition for custody and things like that. All of which basically became null and void.

Yeah, wiped out overnight. And I remember, John, it was probably three years after the Troxel Case, I represented a grandfather here in our community on the Arkansas side. And, you know, he had a grandson that he had basically been raising, and his son came back into the picture, and everything was good, right until that point the son asked his father for money. And the grandfather was